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Dec 10 12 3:01 PM

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THOU SHALT NOT STEAL!
 
ISN'T THAT WHAT WE BELIEVE ANYMORE?  HAVE AMERICANS COMPLETELY LOST THEIR SENSE OF RIGHT AND WRONG AND, AS A RESULT, ARE GRADUALLY LOSING THEIR
HUMANITY?  IT CERTAINLY IS LOOKING THAT WAY FROM MY VANTAGE POINT.
 
WHEN THE GOVERNMENT TAKES MONEY FROM THE WORKERS AND GIVES IT TO THE NON-WORKERS, WHAT YOU HAVE IS STEALING.  NOW MANY, IF NOT MOST, AMERICANS WANT TO HELP THOSE WHO ARE LEGITIMATELY IN NEED AND I'M SURE THEY WOULDN'T OBJECT TO SENSIBLE APPROACHES TO HELP THEM, ALTHOUGH IT WOULD BE BEST IF OUR NATION'S CHARITABLE INSTITUTIONS WERE THE ORGANIZATIONS TO DO SUCH.  TO ENCOURAGE DEPENDENCY ON THE GOVERNMENT'S PROGRAMS IS ANOTHER STORY ENTIRELY.  THIS IS NOT IN THE BEST INTERESTS OF THE INDIVIDUAL OR THE GOVERNMENT AND WILL EVENTUALLY LEAD TO FAILURE.  TO PARAPHRASE FORMER BRITISH PRIME MINISTER MARGARET THATCHER: SOCIALISM WORKS UNTIL YOU RUN OUT OF OTHER PEOPLE'S MONEY.
 
THERE IS CURRENTLY A LOT OF TALK ABOUT TAXING THE RICH AND IT RESONATES WITH A LOT OF PEOPLE, BUT IS IT THE WAY TO GO?  I  WOULD SAY NO!  WE SHOULD NOT BE ENVIOUS OF THEIR SUCCESS, BUT RATHER EMULATE IT AND HOPEFULLY REAP SIMILAR BENEFITS. IF THEY GOT IT DISHONESTLY THEN THEY SHOULD BE PROSECUTED FOR ANY CRIMES.  CAN ANYONE SAY BERNARD MADOFF?
 
I JUST READ AN ARTICLE HOW BRITAIN TRIED THIS.  THEY HAVE ALREADY RAISED TAXES ON THE WEALTHY, WITH A TELLING RESULT.  THE GOVERNMENT ACTUALLY LOST REVENUE.  IN THE 2009-2010 TAX YEAR IN BRITAIN, MORE THAN 16,000 PEOPLE REPORTED ANNUAL INCOME OF MORE THAN 1 MILLION POUNDS (EQUAL TO ABOUT $1.6 MILLION TODAY).  THEN IN 2010, PRIME MINISTER GORDON BROWN, A MEMBER OF THE LABOUR PARTY, INTRODUCED A NEW 50 PERCENT TOP INCOME TAX RATE FOR HIGH-INCOME EARNERS.  AFTER THAT THE NUMBER OF PEOPLE REPORTING INCOME OF AT LEAST 1 MILLION POUNDS FELL TO 6,000.  IT IS BELIEVED THAT RICH BRITONS MOVED ABROAD OR TOOK STEPS TO AVOID PAYING THE NEW LEVY BY REDUCING THEIR TAXABLE INCOMES. INSTEAD OF RAISING REVENUE, THE TAX HIKE COST THE U.K. 7 BILLION POUNDS ($11.2 BILLION) IN LOST REVENUE - AND THAT'S IN AN ECONOMY ONE-QUARTER THE SIZE OF AMERICA'S.
 
THE WEALTH OF OUR COUNTRY IS IN IT'S PRODUCTIVITY AND THAT SHOULD BE OUR MAIN FOCUS.  WE WANT TO CONTINUE SEEING A RISING  GROSS DOMESTIC PRODUCT (GDP).  TO ACCOMPLISH THIS GOVERNMENT NEEDS TO ENCOURAGE BUSINESS ACTIVITIES.  THEY NEED TO LOWER TAXES AND REGULATIONS TO A REASONABLE LEVEL OR TO PUT IT MORE SUCCINCTLY JUST GET OUT OF THE WAY!  THEY WILL ACTUALLY BENEFIT FROM SUCH A COURSE OF ACTION.  IT ISN'T ROCKET SCIENCE;
 
MANY OF US WERE HAPPY WITH THE DEFEAT IN THE SENATE OF THE CONVENTION ON THE RIGHTS OF PERSONS WITH DISABILITIES (CRPD) TREATY THAT COULD OPEN THE DOOR TO PROMOTING ABORTION ON AN INTERNATIONAL SCALE AND HAVE A NEGATIVE IMPACT ON PARENTAL RIGHTS.  THE TREATY NEEDED A TWO-THIRDS VOTE FOR APPROVAL AND THE SENATE VOTED 61 TO  38 TO APPROVE, WHICH FELL SHORT OF THAT REQUIREMENT. DEMOCRATS VOTED FOR THE TREATY WHILE MOST REPUBLICANS VOTED AGAINST IT.  THIS JUST REVEALS MORE OF THE CURRENT MINDSET OF THE DEMOCRATIC PARTY AND MEANS THAT WE MUST ELECT MORE CONSERVATIVES TO THAT BODY STARTING IN 2014 SO FUTURE VOTES ARE NOT SO CLOSE.  THIS WILL NE A MAJOR TASK GOING FORWARD;
 
AS ELECTED OFFICIALS FROM BOTH SIDES OF THE PARTISAN DIVIDE EMBED THEMSELVES IN FISCAL CLIFF NEGOTIATIONS, AMERICANS FOR TAX REFORM PRESIDENT GROVER NORQUIST REMAINS AT THE CENTER OF THE CONVERSATION.  IN A SUNDAY ROUNDTABLE DISCUSSION ON NBC'S "MEET THE PRESS," NORQUIST ISSUED A WARNING TO PRESIDENT BARACK OBAMA.  "TEA PARTY TWO IS GOING TO DWARF TEA PARTY ONE IF OBAMA PUSHES US OVER THE CLIFF."  NORQUIST SAID, "LET'S NOT PRETEND WHO'S PUSHING US OVER THE CLIFF."  WE ARE SEEING SEVERAL REPUBLICANS BREAKING AWAY FROM THE PLEDGES THEY TOOK AND THIS WILL RESULT IN THEM LOSING SUPPORT WHEN THEY SEEK REELECTION.
AMERICANS ARE DETERMINED TO SEPARATE THE WHEAT FROM THE CHAFF!;
 
IN THE HOUSE,CONSERVATIVES ARE BECOMING DISENCHANTED WITH SPEAKER JOHN BOEHNER AS HE DEALS WITH THE FISCAL CLIFF AND OTHER MATTERS.  HIS RECENT DECISION TO REMOVE FOUR (4) TEA PARTY CONSERVATIVES FROM THEIR COMMITTEE POSTS DOES NOT ENDEAR HIM TO MUCH OF HIS BASE. SOME WANT HIM REPLACED AS SPEAKER IN THE NEW CONGRESS.  AGAIN, WE NEED TO ELECT MORE TRUE RED, WHITE AND BLUE CONSERVATIVES TO THE HOUSE OF REPRESENTATIVES IN 2014.  EVENTUALLY WE WILL REACH CRITICAL MASS AND THEN MORE CHANGES THAT ABOUT HALF OF OUR PEOPLE WANT MAY RESULT.  REMEMBER THIS PAST ELECTION WAS VERY, VERY CLOSE.  WE MUST CONTINUE TO ORGANIZE AND MOBILIZE OUR FORCES;
 
THE UNITED STATES SUPREME COURT HAS DECIDED TO TAKE UP THE PROPOSITION 8 CASE.  THE NATIONAL ORGANIZATION FOR MARRIAGE BELIEVES THIS IS A STRONG SIGNAL THAT THE NATION'S HIGHEST COURT WILL ULTIMATELY REVERSE THE LOWER COURTS AND UPHOLD PROPOSITION 8, THEREBY RESPECTING THE VOICES OF OVER SEVEN MILLION CALIFORNIANS WHO VOTED TO PROTECT MARRIAGE IN 2008.
PROPOSITION 8 IS, YES, ABOUT MARRIAGE, BUT IT IS ALSO ABOUT DECIDING WHO HAS THE ULTIMATE POWER OVER BASIC POLICY JUDGMENTS AND ABOUT WHETHER THE DECISIONS OF THE PEOPLE ARE ENTITLED TO RESPECT.  'WE THE PEOPLE' ARE THE SOVEREIGNS OF THIS COUNTRY AND THOSE THAT WORK FOR US SHOULD FULLY UNDERSTAND THIS.
 

NOVEMBER UNEMPLOYMENT NUMBERS WERE JUST RELEASED SHOWING A DROP OF 0.2 POINTS TO 7.7%.  NOT ENOUGH MEDIA ATTENTION WAS FOCUSED HOWEVER ON WHY THE RATE DROPPED - 542,000 AMERICANS GAVE UP THEIR JOB SEARCH AND ARE THEREFORE NO LONGER BEING COUNTED IN THE OVERALL STATISTIC.  IS THIS MORE SMOKE AND MIRRORS BY OUR GOVERNMENT TO PORTRAY AN IMPROVING SITUATION WHEN THE REVERSE IS TRUE?  THEY SHOULD REMEMBER THAT YOU CAN'T FOOL ALL OF THE PEOPLE ALL OF THE TIME!
MEANWHILE AMERICANS CRANKED UP THEIR USE OF CREDIT CARDS IN THE THIRD QUARTER OF 2012, RACKING UP MORE DEBT THAN A YEAR AGO, WHILE ALSO BEING LESS DILIGENT ABOUT MAKING PAYMENTS ON TIME. DEBT ROSE TO NEARLY $5,000 PER BORROWER, UP 4.9 PERCENT FROM THE SAME QUARTER LAST YEAR.  IT APPEARS THAT LIKE ANY ADDICTION, IT IS HARD TO STAY UNHOOKED FOR LONG;

 
GOLD PRICES HIT A ONE-MONTH LOW THIS WEEK, BUT AT $1,704.50 AN OUNCE IS STILL UP FOR THE YEAR. SILVER CLOSED AT $33.11 AN OUNCE;


 
 
AS USUAL, IF TIME PERMITS, WE NEED TO CONTINUE DISCUSSING THE FOLLOWING:
PENSIONS - THEY NEED OUR ATTENTION.  MANY AMERICANS ARE RECEIVING THEM OR SOON WILL BE.  THE BABY BOOMERS ARE A LARGE GROUP IN THAT CATEGORY AND THEY NEED TO UNDERSTAND WHAT ACTIONS OR INACTION TO TAKE BOTH WITH ANY PRIVATE RETIREMENT PLANS THEY MAY HAVE OR EVEN WITH SOCIAL SECURITY BENEFITS AND STATE OR LOCAL GOVERNMENT PLANS.  ALSO, DO YOU KNOW ABOUT THE SUPPLEMENTAL SECURITY INCOME FEATURE ADMINISTERED BY THE SOCIAL SECURITY ADMINISTRATION? THE RULES KEEP CHANGING IN THESE AREAS AND IT WOULD BE SMART TO LEARN THEM;
 
THE FEDERAL RESERVE - WE HAVEN'T STOPPED LOOKING INTO THE INNER WORKINGS OF THE FEDERAL RESERVE SYSTEM
AND WE WILL DELVE A LITTLE MORE INTO IT'S' BALANCE SHEET AND SEE IF WE CAN GLEAN THE FACTS REGARDING THIS INSTITUTION THAT HAS SUCH AN IMPACT ON OUR LIVES AND DETERMINE IF IT CAN BE ONE THAT TRULY SERVES THE PEOPLE OR SHOULD ANOTHER ACT OF CONGRESS BE PASSED TO END ITS' EXISTENCE. THIS CAN BE A TEDIOUS PROCESS, BUT WE MUST FOLLOW THE MONEY !;
 
 
BEFORE WE TACKLE THE FEDERAL SYSTEM HOWEVER IT MAY BE WORTHWHILE TO REVIEW WHAT HAS BEEN HAPPENING IN PRICHARD, ALABAMA WITH THEIR PENSION PLAN. I THINK THE LESSON HERE IS THAT WE SHOULD FIND A WAY TO TAKE CARE OF OUR OWN MONEY AND NOT RELY TOO MUCH ON OTHERS, ESPECIALLY IF THEIR ABILITIES HAVE NOT BEEN FULLY DETERMINED;
 
 
GOLD - A RECENT SURVEY SHOWS HOW GOLD DOES DURING TIMES OF TURMOIL.  FIND OUT THE DETAILS;
 
WE WILL ALSO CONTINUE TO PROVIDE YOU WITH MORE ON THE LIST OF THE 50 THINGS EVERY AMERICAN SHOULD KNOW ABOUT THE COLLAPSE OF THE ECONOMY;
 
 
AND WE WILL KEEP YOU ABREAST OF ANY LATE-BREAKING DEVELOPMENTS IN THE STOCK AND COMMODITIES MARKETS, ESPECIALLY GOLD AND SILVER;
 
 
SOME THOUGHTS BY EXPERIENCED INDIVIDUALS IN THE WORLD OF MONEY MAY ALSO BE REVIEWED AND SOME AUDIO MAY BE PLAYED TO ROUND OUT THE SHOW.